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Capstone Creates New Lending Group

SAN DIEGO-The new division, known as the Capstone Direct Lending Group, is focused on commercial and residential real estate product throughout the Western US. Headed up by industry veteran Justin Bert, the group specializes in short-term bridge financing.

By Erin Cassin | Updated on February 23, 2004

SAN DIEGO-The locally based real estate advisory and investment firm Capstone Advisors has created a new lending division focused primarily on short-term bridge financing. Known as the Capstone Direct Lending Group, the division is being headed up by industry veteran Justin Bert.

Under Bert’s direction, the new financing group is providing senior loans in the $1-million to $15-million range for value-added commercial and residential real estate opportunities that do not meet the requirements of conventional bank lending. The financing is available for a range of real estate product (including office, industrial, multifamily, retail, hotels, land and special use) located throughout the US, as well as a variety of borrowing needs. Types of transactions eligible for financing from the Capstone Direct Lending Group include land acquisition and development deals; unique property types, renovations and repositioning; land use conversion; borrower credit issues; partner buyouts; and non-cash flow real estate.

Expanding into direct lending is a “natural step” for Capstone Advisors, according to Bert, who says the firm’s entrepreneurial approach and availability of institutional capital give clients the ability to make fast decisions and close quickly, thus allowing them to secure opportunities with ease.

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